To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE PUBLIC SECTOR FINANCIAL REPORTING SEMINAR (with National Treasury & PSASB)
Theme: Forging a resilient economy: Navigating Accrual Transition, Climate Realities, and broader economic imperatives in Kenya
Date: 3rd-7th August 2026
Time: 09.00am-03.30pm
Venue: Pride Inn Paradise Resort, Mombasa
OVERVIEW
Kenya’s public financial management stands at a defining crossroads. As the nation accelerates its transition to full accrual-based IPSAS reporting with first accrual statements expected for FY 2025/26 and full compliance by June 2027, public sector accountants, treasurers, auditors, and policymakers face unprecedented opportunities and responsibilities.
Mounting public debt pressures considered sustainable but at high risk of distress, escalating climate vulnerabilities, digital transformation in PFM systems, and the urgent demand for transparent, citizen-centric governance require more than technical compliance. They demand visionary leadership that balances fiscal prudence with bold investments in sustainability, equity, and long-term national resilience.
This seminar moves beyond rote standard application to ignite transformative thinking. Participants will explore how accrual accounting can unlock better asset management, liability recognition, and decision-making while confronting real-world challenges: debt sustainability amid global shocks, climate-related fiscal risks, green public financial management, and the ethical imperative of intergenerational equity.
Through dynamic sessions, practical case studies from Kenya’s ongoing reforms (including IFMIS re-engineering, new IPSAS adoptions, and sustainability-linked financing), and forward-looking dialogues, attendees will gain actionable insights to strengthen transparency, combat inefficiencies, and position public finances as engines of inclusive growth.
The seminar is more than professional development; it is a call to stewardship. By the end, participants will leave equipped with updated knowledge, practical tools, enhanced leadership capabilities, and a renewed commitment to building a public finance ecosystem that serves today’s citizens without mortgaging tomorrow’s future.
LEARNING OBJECTIVES:
This program is divided into the following four days covering various aspects:
| DAY | MODULE | TOPICS |
| DAY 1 | A. Reflections on the First Year of IPSAS Accrual Implementation | · Policy intent versus Implementation reality
· Opening balances and first-time adoption challenges · Capacity, skills, and change management · Asset Recognition and Management in the Public Sector · Key lessons learned from preparers’ experiences · Expectations of auditors and oversight bodies post–year one
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| B. Public Lecture
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Beyond the Numbers: Reimagining Kenya’s Fiscal Future in an Era of Uncertainty” — Macroeconomic strategy, debt resolution pathways, and the role of accountants in national renewal.
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| C. Panel Discussion | High-Level Strategic Panel: “The Future of Public Finance in Kenya: Leadership, Accountability and Resilience in a Changing World” | |
| DAY 2 | D. Understanding the IPSASB SRS 1 Reporting Architecture
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· The Need for Sustainability Reporting
· Relationship with other standards · Phases of Adoption in Kenya · Purpose and scope of IPSASB SRS 1, Climate-related disclosures · Distinction between own operations & public policy programs · Position of sustainability disclosures within general-purpose financial reporting · Relationship between IPSASB SRS 1 and financial statements · Transition from voluntary ESG reports to regulated disclosures
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| E. IPSASB SRS 1: General Requirements | · Sources of Guidance
· Location of Disclosures · Timing of reporting · Comparative information · Statement of Compliance · Judgments, uncertainties & errors · Best practices in data collection · Building capacity within the organization · Transition Reliefs
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| F. IPSASB SRS 1: Materiality | · Definition and Concept of Materiality
· Materiality Judgment Process · Sources of guidance (Waterfall approach) · Double vs financial materiality · Sources of Information · Boundary of reporting · Integration with Risk and Opportunity Assessment · Documentation and Audit Trail
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| DAY 3 | G. IPSASB SRS 1: GHG Accounting | · Cross-industry climate metrics & targets
· Introduction to GHG Emissions · Climate-Related Financial Risk and GHG Emissions · GHG disclosure · GHG key concepts · GHG measurements · Disaggregation of GHG emissions. · Computation of emissions · Conducting a carbon baseline assessment |
| H. IPSAS 47: Revenue | · Key definitions
· Identifying the revenue transaction · Binding vs non-binding arrangements · Revenue from transactions with non-binding arrangements · Revenue from transactions with binding arrangements · Recognition & measurement · Presentation & disclosure |
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| I. IPSAS 46: Measurement |
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| DAY 4 | J. IPSAS 42: Social Benefits | · Definition of social benefits
· Scope and definitions: social risks vs market risks · Recognition criteria and measurement of social benefits · Recognition & measurement of liabilities · Timing of recognition · Distinction from other transfers · Key judgment areas · Disclosure requirements · Financial reporting impact
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| K. Financial Wellness | · Building Wealth |
TARGET AUDIENCE:
This training will be useful to professional Accountants and professionals from the Public Sector.
FINANCIAL COMMITMENT:
| Category | Charges Physical |
| Associate Members | Kes 54,000 per Delegate |
| Full Members | Kes. 59,000 per Delegate |
| Non-Member | Kes. 64,000 per Delegate |
| Accommodation | Delegates are advised to make own travel and accommodation arrangements |
**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the event.
ONLINE BOOKING:
We call on all participants to note that booking is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is MANDATORY. This is available either online at www.icpak.com/events , you can also reach us through marketing@icpak.com
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
